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Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 87,000 shares of $5 par common stock. During 2018, Poodle had
Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 87,000 shares of $5 par common stock. During 2018, Poodle had the following transactions relating to shareholders' equity: Issued 33,000 shares of common stock at $5.60 per share. Issued 23,000 shares of common stock at $9.80 per share. Reported a net income of $92,000. Paid dividends of $57,000. What is total Paid-in capital at the end of 2018? Multiple Choice $410,200. $353,200. $502,200. $411,700.
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